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A 21-year-old man was arrested for allegedly circulating counterfeit ₹500 notes among vendors in Hyderabad. The authorities apprehended him after several complaints from local merchants surfaced regarding fake currency being used in transactions.
According to police reports, the suspect has been identified as Kiran Kumar. He was found in possession of multiple fake ₹500 notes during his arrest on Wednesday. Investigations revealed that he had been distributing these counterfeit notes in various markets, putting vendors at risk of financial loss.
The police are currently working on tracing the source of the counterfeit currency and investigating whether there are any accomplices involved in the operation. Officials have urged vendors and the public to remain vigilant and report any suspicious activities related to currency transactions.
